8 Ways to Add Extra Income to Your Bank Account in Canada (2024)

O, the Great White North. Nova Britannia. Land of Maple Syrup. America’s Hat. The 14th colony. *Whispers* America’s friendliest neighbor.

It must be nice to have the best nicknames around.

And while we’re on the subject of best things, we thought you might also want to know about the best — and weirdest — ways you can pocket some extra Canadian dollars.

But you have to promise not to spend it all on poutine and butter tarts — only some of it.

Note: Monetary amounts are shown in U.S. dollars. Bank of Canada is a good resource to find the current exchange rate.

How to Make Money in Canada

We combed through all of our tips to filter out the best flexible ways to make money in Canada. You can do many of these without leaving the confines of your home.

5 Companies That Send People Money When They’re Asked Nicely

When you log into your bank account, how do your savings look? Probably not as good as you’d like.

It always seems like an uphill battle to build (and keep) a decent amount in savings. But what if your car breaks down, or you have a sudden medical bill?

Ask one of these companies to help….

1. Get Paid to Get in Shape

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Listen. Losing weight and getting fit is easier said than done.

But will a little bit of money motivate you?

It’s motivating Marcie Hagner, 44, who has placed a bet on her weight-loss goals through HealthyWage. If she can lose the 50 pounds she bet she could, she’ll pocket $862.

“Money is a huge motivator for me,” she says. “Especially because I don’t have a lot. I don’t want to give somebody $500, especially for something I can control and do.”

Read more about how she’s finding motivation to lose weight through HealthyWage.

2. Fill This out While Watching TV

We’re going to be real here: Survey sites aren’t our favorite way to make extra money, because it’s difficult to bag a lot. But if you’re just hanging out and watching TV, why not click a few buttons on your phone and turn your spare time into money?

Here are a few of our favorite sites for earning money in your free time:

  • SaskWatch Panel: Do you call Saskatchewan home? Insightrix’s SaskWatch lets you fill out surveys for rewards points you can redeem for cash. You’ll voice your opinion on social, political and consumer issues facing your community.
  • LifePoints Panel is a tried-and-true survey site that’s been around for a long time. This one is easy to use, even if you just have a few minutes to spare. You’ll earn cash and prizes for your opinions.

3. Tutor Kids (From Behind a Computer Screen)

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Did you know you can tutor kids — without leaving your house? And without them entering your house?

Chegg Tutors is open to applicants worldwide. There are tons of open tutoring subjects, from calculus to biology — even astrophysics.

To sign up as a Chegg online tutor, you must provide two forms of proof you are either currently or were previously enrolled in a university. You will also need a Facebook account. Once your profile is approved, you will be matched with students seeking tutoring in your subject. Tutors earn $20 or more per hour.

Skooli is a Canada-based company that offers tutoring for K-12 courses, as well as college-level classes.

If you are a certified teacher with a bachelor’s degree, master’s degree or specialized instructor qualification (like ESL), you can become an online tutor for Skooli. Skooli tutors are paid $25 per hour.

To apply, you must provide proof of qualifications and education. If they deem you a good fit, you’ll be approved and available to tutor students. Go the extra mile and receive full Skooli verification by also adding a criminal record check.

This extra step gets you a purple Skooli shield badge on your profile, which will garner more attention from parents and students (read: more money), and you could also qualify for special programs that not all tutors have access to.

4. Get Paid for Your Useless Trivia Knowledge

If you’re one of those people who can pull useless pieces of knowledge from out of nowhere, you’ll want to download this app.

It’s called HQ Trivia. With at times more than a million players logging on at 3 p.m. and 9 p.m. ET each day to play, you might’ve heard of it.

Pro Tip

Share your personalized HQ Trivia referral code with friends and family to get an extra life. Trust us. You’ll want it.

“Quiz Daddy” Scott Rogowsky is the game’s main host. He asks 12 questions. You’ve got three multiple-choice options and 10 seconds to answer each. If you get all 12 questions correct, you’ll split the grand prize (around $5,000 lately, though it’s been $25,000 or more on randomly chosen special occasions) amongst the other winners.

The HQ Trivia app is available for iPhone and Android.

5. Clean up Search Engine Mistakes

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Search engines use complicated algorithms to determine the results you see. But they don’t always get it right…

They’re actually full of errors, so companies need real humans to look at the results and judge them for quality, relevance and usefulness. That’s where you come in.

You can find search engine evaluator jobs through Lionbridge. You’ll take a qualifying test, and some companies also conduct a phone interview. Once you’re accepted, you can set your own schedule and work as much or little as you want.

6. Work From Home as a Transcriptionist

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Transcribing is a great way to earn cash that requires little to no prior experience and offers flexible hours and workloads. Plus, you can do it from home.

The work sounds easy: Listen to audio and type what you hear. But it can be repetitive and requires a lot of attention to detail.

However, the pay is a pretty good selling point: Earn around $15 to $25 per hour for general transcription, and more if you learn to specialize in the legal or medical fields.

7. Go Watch a Movie

If you want to get paid to watch movies, fill out an application with the mystery shopping company Market Force Information.

The application is just a few questions long, and nearly everyone in the U.S. and Canada is eligible.

Once you’re accepted as an auditor, keep an eye out for email alerts for new assignments in your area. You can accept or decline any assignments — so if a movie’s not even worth watching for $30, you don’t have to see it.

In-theater checks don’t come with huge paydays, but you’ll get a free movie and earn about $10 to $20 an hour for your time.

8. Sell Your iPhone Photos

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Those thought-out photos you take can get you more than just social media likes.

Upload your iPhone photos to stock photography sites. Many of them are trying to get away from the “perfect” photo and are looking for more realistic images. After a quick upload, you’ll get an email notification when someone purchases your work.

You likely won’t become a millionaire; sites like Foap pay about $5 per purchase. However, if you have a nicer camera, you can step up your game like Eliza Snow, who quit her corporate job to sell stock photos full time.

The 8 Best Ways to Earn a Passive Income in 2023

You’ve probably heard the term passive income. It sounds appealing right?

According to the definition of passive, it would mean you’re earning income without participating or having to do anything at all. Free money? Sign me up!

If you’re interested in establishing a flow of passive income, here’s a guide to understanding the term and getting started.

Check it out here!

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8 Ways to Add Extra Income to Your Bank Account in Canada (2024)

FAQs

8 Ways to Add Extra Income to Your Bank Account in Canada? ›

$10,000 in general is a lot of money anywhere in Canada. It can pay anywhere around 3~4 months worth of rent + expenses involving the apartment (it could be less depending on which location you're talking about). $10,000 can also buy you about 5~10 years worth of food for 1 person.

How can I make an extra $1000 a month in Canada? ›

Top 7 Ways How Canadians Can Make $1,000 a Month Online
  1. 1- Start a blog. ...
  2. 2- Become a virtual assistant. ...
  3. 3- Start a Drop shipping business. ...
  4. 4- Freelance writing. ...
  5. 5- Proofreading. ...
  6. 6- Tutoring. ...
  7. 7- Marketing research. ...
  8. How to Make $1,000 a Month Online?

How to get extra income in Canada? ›

The top twenty-one side hustles in Canada
  1. Freelance writing. Freelance writing. ...
  2. Transcription. Transcription. ...
  3. Virtual assistant. Virtual assistant. ...
  4. Programmer for hire. Programmer for hire. ...
  5. Graphic design. Graphic design. ...
  6. Photography. Photography. ...
  7. Maintenance and handiwork. Maintenance and handiwork. ...
  8. Tool rentals. Tool rentals.

How can I maximize my income in Canada? ›

How to make extra money in Canada
  1. Start a profitable blog. If you like writing and sharing your thoughts with others, consider starting a personal blog. ...
  2. Sell products online. ...
  3. Participate in online surveys. ...
  4. Work as a virtual assistant. ...
  5. Become a driver. ...
  6. Deliver food, groceries, or packages. ...
  7. Babysit. ...
  8. Work as a translator.
May 22, 2024

How can I add extra income? ›

How to Make Extra Money: 19 Ways to Increase Your Income
  1. Ask for a Raise. ...
  2. Find a Side Gig. ...
  3. Sell Your Used Items. ...
  4. Look for a Better-Paying Job. ...
  5. Create a Passive Income Source. ...
  6. Become a Blogger. ...
  7. Become a UGC Creator. ...
  8. Start an Online Store.

Is $10,000 dollars a month good in Canada ? ›

$10,000 in general is a lot of money anywhere in Canada. It can pay anywhere around 3~4 months worth of rent + expenses involving the apartment (it could be less depending on which location you're talking about). $10,000 can also buy you about 5~10 years worth of food for 1 person.

What is the top 1 income in Canada? ›

Incomes of the top 1% of tax filers rose 9.4% to $579,100 in 2021.

What investment has the highest return in Canada? ›

What are the best investments in Canada?
  • • Stocks. If you want the highest possible returns with more volatility, stocks may be for you. ...
  • Exchange-traded funds (ETFs) and mutual funds. ...
  • Government and Corporate Bonds. ...
  • Real Estate.

What is Canada's biggest source of income? ›

International trade, including both exports and imports, is a large component of Canada's economy, each making up about one-third of GDP. Canada's largest trading partners are the U.S., China, and the U.K. The three largest industries in Canada are real estate, mining, and manufacturing.

How can I make an extra $2000 a month? ›

How To Make $2,000 A Month
  1. Online Freelancing.
  2. Use Get-Paid-To Websites.
  3. Deliver Food For Money.
  4. Virtual Assistant.
  5. Start A Blog.
  6. Start A Service-Based Business.
  7. Deliver Packages For Money.
  8. Do Odd Jobs For Cash.
Jul 23, 2024

How to make quick cash? ›

Want to make money fast? Here are 16 legit ways to do it
  1. Find unclaimed property.
  2. Sell unused gift cards.
  3. Trade in electronics.
  4. Take surveys.
  5. Sell clothes online.
  6. Be a rideshare driver.
  7. Make deliveries.
  8. Do Taskrabbit.

How to turn 500k into passive income? ›

You can either invest money in rental properties or real estate investment trusts (REITs) to generate passive income. Rental properties provide rental income, which can help you pay off your mortgage and earn profits.

How can I make $1000 fast in Canada? ›

  1. Sell stuff you already own. Make a list of items you own you're willing to sell. ...
  2. Deliver food. Work for a food delivery service in your spare time. ...
  3. Pick up a part-time job. Search for part-time job openings. ...
  4. Rent out unused space. ...
  5. Start freelance writing. ...
  6. Try affiliate marketing. ...
  7. Drive for a ridesharing service. ...
  8. Find odd jobs.
Jan 17, 2024

How to realistically make $1,000 a month? ›

Let's dig in!
  1. Start Freelance Writing. If you love to write, picking up freelance writing may be your ticket to an extra $1,000 a month. ...
  2. Begin Blogging. ...
  3. Practice Graphic Design. ...
  4. Assist with Bookkeeping. ...
  5. Become a Virtual Assistant. ...
  6. Sell Something on Etsy. ...
  7. Manage Social Media Accounts. ...
  8. Complete Online Surveys.
Jul 15, 2024

What is the extra money in Canada 2024? ›

Starting in June 2024, the Canada Revenue Agency will give a $3,100 extra Old Age Security (OAS) pension payment to those who qualify. The OAS program helps seniors with money. This extra payment is because of the rising cost of living and inflation in the country.

How to make passive income in Canada on Amazon? ›

How to Make Passive Income on Amazon
  1. Amazon Associates Program. The Amazon Associates Program is an affiliate marketing program offered by Amazon. ...
  2. Amazon Influencer Program. ...
  3. Amazon Merch on Demand. ...
  4. Amazon KDP + Audible. ...
  5. Digital Products. ...
  6. Amazon Dropshipping.
May 6, 2024

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